releases: https://web.archive.org/web/20140221112156/http://www.mccaskill.senate.gov/?p=press_release&id=12034
Data license: MIT · Data source: dwillis/congress-press
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| https://web.archive.org/web/20140221112156/http://www.mccaskill.senate.gov/?p=press_release&id=12034 | McCaskill Cites Successes of Watchdog Over Troubled Assets Relief Program | 2013-12-10 | 2013 | 2013-12 | Democrat | House | MO | Claire McCaskill | M001170 | web.archive.org | legacy | WASHINGTON - Several years after creating an independent watchdog to root out waste, fraud, and abuse in the Troubled Assets Relief Program (TARP), U.S. Senator Claire McCaskill is recognizing the exceptional performance of the office and calling on continued oversight to protect taxpayer dollars. In 2009, McCaskill worked to strengthen oversight of the $700 billion TARP by passing legislation empowering a Special Inspector General. McCaskill's bill, which was signed into law in April 2009, increased the power and authority of the Special Inspector General for TARP by giving him the ability to oversee all actions taken under the plan and providing him with additional and much needed tools to strengthen the oversight of these funds. "Inspectors General are the eyes and ears of taxpayers in the federal government, and the results here show how critical their work is," said McCaskill, a former Missouri State Auditor. "It is clear that when an IG has the authority to conduct aggressive oversight, they can provide critical accountability in taxpayer-funded programs. Nowhere was that oversight more needed than with TARP." A recent report by the Washington Post confirmed the success of the Special Inspector General for TARP, noting that the office has pursued criminal charges for hundreds of high level bank officers, several ending in prison sentences. The financial rescue plan was written based on a proposal spelled out by the Treasury Department to buy up troubled, toxic financial assets. When the Treasury plan changed, the authority of the Special Inspector General needed to be broadened. McCaskill's bill provided the necessary fixes to ensure there is strong oversight in place. The McCaskill bill was co-sponsored by Senators Chuck Grassley (R-Iowa), Susan Collins (R-Maine), Joseph Lieberman (I-Conn.), Olympia Snowe (R-Maine), Christopher Dodd (D-Conn), Jim Bunning (R-Ky.), and Charles Schumer (D-N.Y.). Click HERE to read highlights of McCaskill's fight for stronger accountability in Washington. ### | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |